Answer:
2018 loss for 1,500
2019 gain for 4,000
Explanation:
purchase at 715,000
December 31th 713,500
adjusting entry december 31th
loss on investment 1,500 debit
marketable securities 1,500 credit
january 3rd, 2019
cash 717,500 debit
gain on investemnt 4,000 credit
martetable securities 713,500 credit
to record gain on investment
Answer:
45.62 days
Explanation:
For computing the average number of days receivables, first, we have to calculate the account receivable ratio. The formula is shown below:
Account receivable ratio = Net credit sales ÷ Average accounts receivable
where,
Average account receivable = (Beginning account receivable balance + ending account receivable balance) ÷ 2
Now put these values to the above formula
So, the answer would be equal to
= $480,000 ÷ ($40,000 + $80,000 ÷ 2)
= $480,000 ÷ $60,000
= 8 times
Now, the average level of receivables equals to
= Total number of days in a year ÷ Account receivable ratio
= 365 days ÷ 8
= 45.62 days
<h2>Technical skills are really essential. But upon technical skill, soft skills are mandatory to have a successful career.</h2>
Explanation:
Communication: The most important to covey from low level to high level and vice-versa.
Leadership skill: The see the growth visibly. An essential skill for both employer and employee.
Crisis management: Employee should possess this skill to handle challenging situation
Negotiation: Which is really important both for work life and personal life. This is required in all the levels of hierarchy.
Collaboration: Required to work as a team
Problem-solving: The skill which would be tested in various interviews in all the levels.
